Firm pledges their accounts receivables

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Reference no: EM13847750

Which Statement is correct?

a. If a firm factors their accounts receivable with recourse, then they are still liable if their customer doesn’t pay

b. If a firm has a Floating Lien, then they are prohibited from selling their inventory

c. If a firm pledges their Accounts Receivables, then they must remove the accounts from their Balance Sheet

d. A Trust Receipt is used for loans in which there is no collateral

Reference no: EM13847750

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